Reported 1 day ago
Elon Musk's highly anticipated unveiling of Tesla's self-driving taxi, the 'Cybercab', fell short of expectations at a recent event, leading to a significant drop in Tesla's stock price. The presentation lacked critical details on production timelines and regulatory challenges, causing investors to react negatively. As a result, Tesla shares plummeted by as much as 10%, erasing $58 billion in market value, while rivals like Uber and Lyft saw gains.
Source: YAHOO